These investment accounts, which function as an RSP, hold locked-in pension funds for former pension plan members.

Benefits:

Interest earned is not taxed until funds are withdrawn from the plan

Funds can only be accessed under certain conditions

By the end of the year in which you turn 71, transfer to an eligible Retirement Income Option

1 With Market Growth GICs, your return is based upon the change, if any, in the underlying stock market index or indices over the term of the GIC. There is also a guaranteed minimum interest return for all Market Growth GICs.